CAFR

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XBRL US issues third CAFR Taxonomy

XBRL US has released for public review the third version of the demonstration Comprehensive Annual Financial Reporting (CAFR) Taxonomy. The CAFR Taxonomy demonstrates how comparable data standards are applicable to municipal government annual reports. The third version of the Taxonomy expands on the previous two versions to include seven financial statements, two footnotes, and two schedules from the […]

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CAFRDisclosureMunicipal

The time has come for Municipal XBRL

By Editor

In 2005 the US Government Finance Officers Association (GFOA) recommended governments monitor the development of standardised electronic reporting, and to apply it when it became appropriate. Since then, financial regulators around the world have harnessed a myriad of benefits by migrating to XBRL for corporate reporting. The same evolution, however, has not been extended to […]

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CAFRMunicipalReportingStructured Data

Can Standardisation Help Local Governments Save Money?

By Editor

In 2018 Florida passed a bill that could require local governments to submit financial data in machine-readable format. California has recently followed suit, and the second version of the Demonstration Comprehensive Annual Financial Report (CAFR) Taxonomy, currently out for review, will also aid the process. But what benefits would standardisation bring? Beyond abstract accolades of increased transparency, […]

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CAFRMunicipalReportingUS

XBRL US Release CAFR Taxonomy for Municipal Reporting

By Editor

Last week we reported that California have voted to test machine-readable reporting, passing Bill 598, which calls for a commission to build a test taxonomy and make recommendations on moving local reporting to a machine-readable format. The task of developing a test taxonomy will be greatly simplified by the work of the XBRL US State and […]

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CAFRMunicipalReportingUSA

California Vote for State-level XBRL

By Editor

In a significant step forward for municipal reporting standards this week the California Assembly passed a bill that will set the state on the path to machine-readable reporting.

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CAFRdisclosuresGovernmentMunicipalUSA

California Moves Towards State Level XBRL

By Editor

California could be on their way to join Florida in leading America’s state and local government towards transparent, easily accessed financial statements. The Open Financial Statement’s Act, SB 598, which has passed in the Senate and is soon to go to Senate Assembly, is the latest in a long trail of small steps towards local […]

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CAFRSBRStandardisationUnited States

Structured Data for State Government

By Editor

In an article on The Bond Buyer this month Marc Joffe makes the case for municipal market data standards. Data and technology featured frequently at the Bond Buyer National Municipal Summit, with concerns coming from data vendors and issuers. However, Joffe points out that municipal bondholders are merely one group amongst many with a stake […]

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CAFR

California Debate State-level XBRL

By Editor

In another step on the long road to making US state-level financial reports machine-readable the Open Financial Statement Act, SB-598, was introduced into the Californian Senate on 27 February. Currently, Californian counties, cities, school districts, and pension funds send unaudited data to the state controller and also prepare audited financial statements in PDF form, making […]

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CAFR

Fear of the Future?

By Editor

Bond Buyer this week published one of two takes on the latest push for state-level XBRL in the US, arguing that while machine-readable technologies should bring more transparency to the municipal bond market, they could also cause ‘headaches’ for issuers. But are the concerns voiced legitimate, simply a fear of technology, lack of education – […]

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CAFR

CAFR Demo Shows Potential for State-Level Structured Data

By Editor

Last week XBRL US advanced the push for state-level XBRLby releasing a demonstration taxonomy that shows how data standards can be used in portions of the Comprehensive Annual Financial Report (CAFR). While significant progress has been made at the federal level towards machine-readable reporting, at the state level, financial information is still submitted in the PDF-based […]

Items tagged with "CAFR"

XBRL US issues third CAFR Taxonomy

The time has come for Municipal XBRL

Can Standardisation Help Local Governments Save Money?

XBRL US Release CAFR Taxonomy for Municipal Reporting

California Vote for State-level XBRL

California Moves Towards State Level XBRL

Structured Data for State Government

California Debate State-level XBRL

Fear of the Future?

CAFR Demo Shows Potential for State-Level Structured Data

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Items tagged with "CAFR"

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